Deloitte under investigation over audit for fashion retailer

Deloitte had signed the accounts of Joules before it went bankrupt.

In response to the investigation, a Deloitte spokesperson stated that the firm would “fully cooperate with the Financial Reporting Council’s investigation” and “remain committed to the highest standards of audit quality.” Deloitte has stated that it will fully cooperate with the FRC investigation and remains committed to maintaining the highest standards of audit quality.

This investigation comes after Deloitte faced fines and reprimands in recent years for deficiencies in audits of other companies, such as building materials group SIG and software company Autonomy.

The FRC aims to ensure that auditors maintain high standards and adhere to proper procedures in order to protect the integrity of financial reporting…